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“The Canadian Association of Accredited Mortgage Professionals (CAAMP) released its annual fall survey report on Tuesday which indicated that brokers are quickly gaining valuable market share on their banking counterparts.
“Among borrowers who took out a new mortgage during 2013 up to the time of the survey in October, 42 per cent obtained the mortgage from a Canadian bank and 40 per cent from a mortgage broker,” the report stated. “Other categories accounted for 18 per cent of new mortgages.”